Corner Mixed-Use Retail and
For Sale
Contact for pricing
3116 Emerson Ave N, Minneapolis, MN 55411
Mixed-use building with 4 apartments and 2 commercial spaces, fully occupied, with corner exposure and rear parking.
Property Size7,167 SF
Price / SF$58.59
Days on Market96
Property Features for 3116 Emerson Ave N
General Information
Standard status
Active
Size
7,167 SF
Total Parking Spaces
10
Property subtype
RETAIL
Occupancy
100%
Units
Multifamily Units
4
Office Units
2
Additional Details
Cap Rate
9.89%
Building Details
Tenancy
Multi
Listing Agency:
KW Commercial Premier - St Paul
(651) 379-5252
Listed By:
William Schultz
(651) 216-6814
Source:
Moodyscre
Added: Jun 2
Changed: Aug 8
Last Checked: Sep 4 at 3:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Premier - St Paul
Investment Insights
Based on property information with market context.
This for-sale mixed-use property includes 4 residential apartments and 2 commercial spaces within a single building. The offering is fully occupied, with leases in place for both residential and commercial tenants.
The property is situated at the corner of Lowry Ave N and Emerson Ave N and is described as having neighborhood commercial visibility. Off-street convenience is provided by 10 rear parking stalls.
With in-place income from multiple unit types, the configuration supports diversified cash flow within one asset that combines residential living and storefront-style space.
The property is situated at the corner of Lowry Ave N and Emerson Ave N and is described as having neighborhood commercial visibility. Off-street convenience is provided by 10 rear parking stalls.
With in-place income from multiple unit types, the configuration supports diversified cash flow within one asset that combines residential living and storefront-style space.
Key Highlights
- Mixed‑use property with 4 residential apartments and 2 commercial spaces
- 100% occupied with leases in place for both residential and commercial tenants
- Actual annual scheduled income of $79,812; actual NOI of $41,523
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 55411, MN
31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with 4 apartments and 2 commercial spaces, fully occupied, with corner exposure and rear parking.
Where is this mixed-use property located?
The property is located at 3116 Emerson Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Mixed‑use property with 4 residential apartments and 2 commercial spaces; 100% occupied with leases in place for both residential and commercial tenants; Actual annual scheduled income of $79,812; actual NOI of $41,523
